Towards the end of the year, on Sunday (27/12) yesterday, the price of Bitcoin soared to US $ 28 thousand per chip. This is the first time in history of the cryptocurrency world. All investors are starting to look and are interested in investing in Bitcoin.
With the current price jumps, Bitcoin is the most profitable investment commodity. When compared with other investment instruments such as deposits, precious metals, stocks, bonds and even property.
Demand for Bitcoin continues to increase worldwide while supply is limited so that the price of Bitcoin in the future has the potential to continue to rise in the long term even some world banks predict the price will penetrate more than $30 thousand for 1 bitcoin.
This makes Bitcoin one of the most profitable investment commodities compared to other investment instruments.
JP Morgan’s report also estimates that the final value of bitcoin will reach US $ 650,000.
JP Morgan sees an increasing pattern investment from financial institutions, following MassMutual and MicroStrategy in gaining exposure to Bitcoin.
“Alternative ‘currencies’ such as gold and bitcoin have been the main beneficiaries of the pandemic in terms of growing their assets for investment purposes by 27 percent and 227 percent, respectively,” wrote JP Morgan, quoting from Express.
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